A recent ruling by a California appeals court tied to default interest charges by lenders and servicers could have national implications, according to industry attorneys.
As purse strings tighten, the quick-service restaurant space is expected to do well given the value and convenience it offers customers. But the same cannot be said for the casual-dining sector, S&P analysts say.
The model will help stakeholders predict prepayments on both their current portfolios and future purchases for both mortgage-backed securities and whole loans.
The retail channel led the decline in originations of conventional-conforming mortgages in the third quarter. And third-party originators managed to slightly increase their activity in the government-insured market. (Includes two data charts.)
Banks and thrifts reported significant declines in loan origination volume and loan sales during the third quarter. Even their loan pipelines contracted drastically. (Includes two data charts.)